Economics

Economics is the study of choice. In a world with scarce resources (such as raw materials, labor, time), economists study how people choose to use those resources to make people as well-off as possible. The economics curriculum stresses both theory and application of important economic issues in society, such as unemployment, inflation, exchange rates, labor markets, economic development, environmental policies, and international trade and finance.

The Department of Economics in the College of Letters and Science offers a wide variety of courses in economic theory, policy, and statistics.

Composition of national income, interrelationship of sectors; determination of national income and productivity; relationship between national income, inflation, money, interest rates; U.S. global economies interaction.

Income distribution and inequality; migration and immigration; fertility, family structure, human capital and labor supply; unemployment and job search; selection bias; specialization and work organization.

Decision-making under risk and over time, general equilibrium and welfare, market failure, and applications, including demand systems, household production, interpersonal economics, and hedonic pricing.

Examines the theory and measurement of the balance of payments, appropriate policies for internal and external balance, the problems of making international payments and the issue of exchange rate flexibility.

The University of Wisconsin-Milwaukee is accredited by the Higher Learning Commission, a regional accreditation agency recognized by the U.S. Department of Education.

Our Catalog is a general source of information about course offerings, academic programs and requirements, expenses, rules, and policies. The University reserves the right to change the information published in this Catalog without notice. Students are advised to consult with their individual School/College or department for the most up-to-date information about program requirements.